“relevant jurisdiction”, in relation to a migrating body, means the place, outside the State, prescribed
under
subsection (2) where the migrating body is established and registered at the time of its application
under
section 147.

(2) The Minister may make regulations prescribing places, outside the State, for the
purposes of the definition of
“relevant jurisdiction” in subsection (1) where he or she is satisfied that the law of the place concerned makes provision
for migrating bodies to continue under the laws of the State or for Irish collective
asset-management vehicles to continue under the laws of that place in a substantially
similar manner to continuations under
section 147.